High street rentals on the rise in Mumbai
Studies show that new mall supply is reducing in the first half of this year. As a result, high street rentals in Mumbai’s retail real estate are on the rise.
With developers focusing on cutting down the current mall vacancy and hence cutting down on new launches, the lack of quality mall space is pushing retailers towards traditional high streets.
So the rentals have been up by three to six percent in high street locations of Colaba Causeway, Linking Road in Bandra over the last two quarters. Even relatively newer high streets at Borivali, Powai and S.V Road (Santacruz-Andheri) are witnessing a steady demand.
With less number of launches in the coming next months, the rise in rentals in the financial capital of India looks inevitable.
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[...] High street rentals on the rise in Mumbai [...]